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HALIFAX – The author of a new report touting Atlantic Canada as a potential offshore wind energy giant says the scaled-down Atlantic Loop electricity grid announced this week is a start but not enough for the region to fully benefit from its production potential.
The announcement happened to coincide with the release of Nicholson’s report for the Ottawa-based think tank Public Policy Forum titled, Catching the Wind: How Atlantic Canada Can Become an Energy Superpower. Both provinces have committed to upgrading their existing power line connection while expanding it west to Point Lepreau, N.B. Nova Scotia Premier Tim Houston has said the option is currently more attractive than the full loop which has tripled in cost to almost $9 billion since 2020, while the modified version is estimated at somewhere between $1 billion and $2 billion.
“If there isn’t a high capacity transmission option out of Atlantic Canada, the development of offshore wind at real scale wouldn’t happen,” he said. The output would be almost twice the total electricity currently consumed in Atlantic Canada annually, the report says. Nicholson points out that if Canada is to meet its goal to eliminate greenhouse gas emissions by 2050, it has been estimated by the Canada Energy Regulator that wind power will need to provide about 30 per cent of the total electrical supply. That figure stood at less than six per cent in 2021.
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